Divi鈥檚 Labs Signs Long-Term Supply Deal with Global Pharma Company

22 Apr 2025 CW Team

Divi鈥檚 Laboratories Ltd has entered into a long-term supply agreement with a global pharmaceutical company for the manufacture and delivery of advanced intermediates, the company said in a regulatory filing on Friday.

Though the identity of the global partner was not disclosed, Divi鈥檚 stated that it expects meaningful revenue contribution from the arrangement. To support this agreement and future growth, the company plans to invest between Rs 6.5 billion and Rs seven billion in capacity addition at its manufacturing facilities. The expansion will be funded entirely through internal accruals.

This move is seen as a strategic step towards strengthening Divi鈥檚 position in the global pharmaceutical supply chain and scaling up production capabilities. The firm, known for supplying active pharmaceutical ingredients and intermediates, has previously maintained long-standing partnerships with several multinational drug makers.

Shares of Divi鈥檚 Laboratories closed 2.07 per cent lower at Rs 5,638.35 apiece on the Bombay Stock Exchange.

Source: Press Trust of India

Resources

20 Jun 2025

KFED and ADPIC Sign Pact to Boost SME Role in Infrastructure

The Khalifa Fund for Enterprise Development (KFED) and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a strategic agreement to enhance collaboration in infrastructure development and bolster SME participation through the Abu Dhabi SME Champions Programme. The agreement was formalised during the Abu Dhabi Infrastructure Summit at the Abu Dhabi Energy Centre, with signatories Mouza Al Nasri, CEO of KFED, and H.E. Maysarah Mahmoud Eid, Director General of ADPIC. This partnership underscores both entities鈥� commitment to supporting entrepreneurs and accelerating industr..

Infrastructure Urban

20 Jun 2025

DPIIT Partners With YourStory To Boost Inclusive Startups

In a significant step to boost grassroots entrepreneurship, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YourStory Media Pvt Ltd, a private digital platform focused on startups, innovation, and entrepreneurship.The collaboration aligns with DPIIT鈥檚 objective of promoting inclusive startup growth across Tier II, Tier III, and rural regions of India. Under the Bharat Project, the initiative aims to empower one million entrepreneurs through the use of AI-driven tools, venture launchpads, and regional language storytellin..

Resources

20 Jun 2025

Hitachi Vantara Named Leader in GigaOm Radar for AI-Optimised Storage

Hitachi Vantara, the data infrastructure and hybrid cloud subsidiary of Hitachi Ltd. (TSE: 6501), has been recognised as both a Leader and Fast Mover in the 2025 GigaOm Radar for High-Performance Storage Optimised for AI Workloads. This marks the debut edition of the GigaOm report in this category, spotlighting the company鈥檚 ability to deliver enterprise-ready infrastructure solutions that support the growing demands of AI and machine learning workloads. The GigaOm Radar evaluates vendors based on current capabilities and future-readiness, focusing on performance, innovation, and execut..